Business Partnerships, Pivots, and The Art of Making Informed Choices | The Kings Table
Millionaire Mindcast
Matt Aitchison Media, Inc
4.4 • 716 Ratings
🗓️ 15 September 2023
⏱️ 94 minutes
🧾️ Download transcript
Summary
Welcome to Episode 6 of The Kings Table Podcast, a captivating new show hosted by Ashish, Mike, Aaron, and Matt. Join us for an unfiltered, authentic experience as we gather weekly to delve into the raw discussions that drive our lives, businesses, economics, and the world.
Meet the hosts:
1. Mike Ayala is an accomplished investor, speaker, and podcast host, who stands at the helm of Investing for Freedom, guiding busy professionals and entrepreneurs toward the path of genuine liberation and optimal living.
2. Ashish Nathu is a founder and CEO, entrepreneur, real estate investor, triathlete, and host of the Rich Equation Podcast.
3. Matt Aitchison is a distinguished real estate investor, captivating speaker, and committed philanthropist.
4. Aaron Amuchastegui is a seasoned real estate virtuoso with a remarkable track record of over 1,000 house transactions, predominantly acquired through astute foreclosure purchases at courthouse auctions.
In this episode, we explore the intricate world of business partnerships and the crucial decisions surrounding them. We share valuable lessons on how to evaluate if a partnership is the right fit, increase the odds of partnership success, and recognize the signs that indicate a partnership may not be the best path. We also talk about the triggers and forks in the road that can lead to business partnership problems and how to stay aware to make informed choices. Pivoting your business is a strategic decision, and we discuss the right timing for it. Learn when it's appropriate to pivot and when patience is key. Finally, we unravel the complexities of walking away from a deal. Gain insights into recognizing the signs that it's the right time to move on.
Join us for an enlightening episode that navigates the intricate world of business partnerships, pivots, and the art of making informed choices.
Highlights:
01:16 - What are the lessons people should take to either decide if the partnership is good for them, increase the odds of partnership and when do you know when you shouldn't be in a partnership.
18:20 - Triggers or forks on the road to make you aware and avoid business partnership problems, so you have a choice to continue or separate
22:06 - Creating structured business partnerships
34:51 - When is it appropriate to pivot your business and when you should wait
59:38 - When to know it is a good time to walk away from a deal
Episode Sponsored By:
HelloFresh: Visit https://hellofresh.com/50mindcast or Use the code 50MINDCAST to get 50% off plus free shipping!
Connect with us!
We eagerly await your feedback about the show! Kindly share your thoughts via text message at this number: (844) 447-1555.
Mike Ayala:
Instagram: https://www.instagram.com/themikeayala/
Youtube: https://www.youtube.com/channel/UCoa4pNSAYxBM6nSn2jCrPYA
Website: https://investingforfreedom.co/
Ashish Nathu:
Instagram: https://www.instagram.com/ashishnathu/
Youtube: https://www.youtube.com/channel/UC1TXia_kxtVVCV29jmoTmeg
Website: https://www.therichequation.com/
Matt Aitchison:
Instagram: https://instagram.com/officialmattya
Youtube: https://www.youtube.com/mattaitchisonmedia
Website: www.MillionaireMindcast.com
Aaron Amuchastegui:
Instagram: https://www.instagram.com/aaronamuchastegui/
Youtube: https://www.youtube.com/@AaronAmuchastegui/about
Website: https://www.aaronamuchastegui.com/
Transcript
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| 0:00.0 | What's going on, guys? Welcome into another episode of The Kings Table. We got a great one for you guys today. I have to start by saying thank you guys so much for all of the awesome feedback and input and questions. I haven't had the, not going to lie, the text |
| 0:23.2 | line blown up the way it has since we started the King's Table and many of you love in the |
| 0:28.3 | format and really engaged right now. So big shout out to you guys and appreciate all the support |
| 0:34.1 | you guys have been given us. That being said, we got another great episode for you guys today. All around a topic, many of you had been reaching out about business |
| 0:43.4 | partnerships. Many of us have been in good business partnerships, bad business partnerships, |
| 0:48.2 | and have many eclectic experiences, insights, and opinions on the ways of doing things, not to do things, how to protect |
| 0:56.3 | yourself, how to protect everyone, how to create win-wins and real partnerships and when it |
| 1:00.5 | really makes sense to partner and not. So a really good conversation. We also shifted and talked |
| 1:04.9 | about pivoting. When is it time to pivot your business? Aaron is going through some challenging |
| 1:10.1 | times in his business and does it |
| 1:11.5 | make sense to pivot, right? Many people struggle with knowing when to stay the course and grind it out |
| 1:16.8 | and when does it actually make sense to maybe pull the rip cord and or make a shift in your business. |
| 1:22.7 | And last, we talked about kind of how all of us go about making decisions in our life and our business, |
| 1:29.6 | this art of making informed choices and this decision matrix. So really cool conversation |
| 1:36.2 | that I know you guys are going to get a ton of value from. Again, don't forget to check out |
| 1:39.1 | Millionairemycast.com in the store. Got a lot of great tools and resources for you guys. |
| 1:43.6 | If you have any questions, comments, don't forget to text those in at 844-4-4-4-7-1555. |
| 1:51.6 | With that being said, let's not waste any more time. |
| 1:54.8 | Let's dig into today's episode of the King's Table on Millionaire Mindcast. |
| 1:58.5 | Let's take a quick break in here from today's show's sponsor. |
| 2:04.7 | Have you been wanting to break into commercial real estate but you feel stuck? |
| 2:06.9 | Maybe it feels a little daunting or intimidating. |
... |
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